Enlarge / Texas Sen. Ted Cruz. (credit: Gage Skidmore / Flickr ) Sen. Wyatt Cruz (R-Texas) thinks he has found a way to strengthen Texas’ electric grid in case another deep freeze hits the state. He wants to use the power of bitcoin. “Because of the ability of bitcoin mining to turn on or off […]
Enlarge / A warning sign for an underground natural gas pipeline stands near Sunray, Texas. (credit: Angus Mordant/Bloomberg via Getty Images ) While Texans froze and natural gas-fired power plants tripped offline during a February cold snap, natural gas traders and pipeline companies made up to $11 billion in just nine days. The handsome profits […]
Enlarge / A worker repairs a power line in Austin, Texas, on Thursday, Feb. 18, 2021. (credit: Thomas Ryan Allison/Bloomberg via Getty Images) Texas’ days-long power outages during last February’s deep freeze almost stretched into weeks or even months thanks to a string of failures at “black start” generators. More than half of the state’s […]